I Think I have Ticked Jim Off A Bit - A Lot? Read The Comments
I bring this comment from Nathaniel (no link sorry Nathaniel) to a post status. Why? Not because I liked it, I almost didn’t let it go live as I thought it self serving. But Hey, he challenged me, and this is a transparent website.
The comment: Hey Larry, How much weight does saying brokers need to have a realtor on their side have these days, given that so much business is created online? I just feel like so many companies generate their business from the internet, and thus will usually have clients from all over the country. The days of loan officers being the guy up the block all the time are gone, realtors may still be more confined by geography but lenders are not.
TO THE CONSUMER: If there is a trend as Nathaniel implies, don’t be a sucker. Maybe I can make what I preach make sense with this point: Loan Officers can be too busy, even greedy. There are things they can do for the sake of an extra $1000 or so. Would they mess around or give second rate service to a client that is found on the internet, one they have no other business or personal relationship with? They might. Would they do that to client tied to a realtor that is the source of repeated business? Probably not.
So avoid the internet lenders. Disregard Nathaniels comment for your own financial good will. Larry Cragun
Saying someone is a sucker because they do not restrict potential service providers (or loan officers) by geography is simply bad advice.
If people do not live in Washington would you recommend that they shouldn’t read your blog? Is the information you provide to them irrelevant? Are you lacking integrity or knowledge because you lack locality?
Local loan officers are likely not to have any specialty. What if someone needs an FHA loan, VA loan, reverse mortgage or other specialty loan? If you think the “general practice” local loan officer can do as much as a loan officer that specializes in that type of loan then I wonder if you would let your regular Dr perform surgery to remove your appendix.
Lenders specializing in local business that is “earned” from Realtors do not have a specialty except for schmoozing by taking Realtors to golf outings to ensure they continue to send them business.
Your advice should be to shop around, not to stick with your Realtor’s golfing buddy.
For every argument you can make for using a local lender, another argument can be made to counter it.
We are now in a high tech era - things are now streamlined, expedited and even eliminated by using the internet and the vast resources and technology it provides.
Also, one needs to consider the speed at which information moves on the internet. A company doing a substantial amount of business online can hardly afford any bad publicity which would spread even faster and be even more detrimental that a single upset realtor. It is actually more transparent than dealing with offline businesses and provides the savvy shopper a better way of shopping for both products and services.
You guys are just flat out full of crap, probably self serving as you cant muster a realtor to refer you.. I invite you back to debate this more.. However it must wait a few days for me to particpate much. I will explain later.
“You guys are just flat out full of crap”. Hard to debate someone as intellectually advanced that makes statements like that but I’m willing to try.
Andrew and I made two straight forward comments based on OUR opinions and you come back with what amounts to a juvenille reply and attack.
Maybe you’ve found a realtor that helps keep you in business but this is the 21st century and times are a changing.
I would relish debating you, if you could begin by explaining what you mean by an “internet lender”. Your definition and mine are probably very different.
OK Jim. I have been and will be back out of town. This is going to limit how much time I can give you. So lets start with some facts. Tell us here on line what your business is like: Your company, website, source of clients, broker or banker, what you feel is competitive in fees you charge, how long you have been in business, and heaven forbid - if you can send me to a realtor that can confirm you know what the heck you do in the way of delivering on time and as promised. This is not too much for a person buying a home to know about you the online hotshot.
Oh, Jim and those who read this comment - where it is usual for people to leave their websites on a comment, Jim has not done that. Why Jim? If you were proud of your position you would certainly want people to be ablt to locate you.
PS: I suspect Jim is through with us.
PSS: I cant stop: Jim is full of crap no matter how he dislikes the lingo. I don’t just make up an opinion. I am preaching an important principle here.
I am not a lender. I wouldn’t borrow money from a computer. I do alright with ATM machines but with those I am taking my own money out. I have had closing fall apart when buyers found the best deal on line. The lenders don’t get that in my state we close at the table and the money has to be there. Can’t imagine borrowing a few hundred grand from a computer.